Nuwellis Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
NUWE$5.24+6.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
Operations andComprehensive Loss
(in thousands, except per share amounts and weighted average shares outstanding)
| Three months ended June 30 | Six months ended June 30 | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $2,194 | $2,075 | $4,051 | $3,901 |
| Cost of goods sold | 720 | 928 | 1,386 | 1,687 |
| Gross profit | 1,474 | 1,147 | 2,665 | 2,214 |
| Operating expenses: | ||||
| Selling, general and administrative | 3,236 | 4,664 | 7,842 | 10,154 |
| Research and development | 558 | 1,505 | 1,892 | 2,933 |
| Total operating expenses | 3,794 | 6,169 | 9,734 | 13,087 |
| Loss from operations | (2,320) | (5,022) | (7,069) | (10,873) |
| Other income (expense), net | 6 | 179 | (95) | 302 |
| Financing Expense | (5,607) | — | (5,607) | — |
| Change in fair value of warrant liability | 198 | — | 720 | (755) |
| Loss before income taxes | (7,723) | (4,843) | (12,051) | (11,326) |
| Income tax expense | (2) | (2) | (4) | (4) |
| Net loss | $(7,725) | $(4,845) | $(12,055) | $(11,330) |
| Deemed dividend attributable to Series J Convertible Preferred Stock | — | — | 541 | — |
| Net loss attributable to common shareholders | $(7,725) | $(4,845) | $(11,514) | $(11,330) |
| Basic and diluted loss per share | $(18.85) | $(127.65) | $(40.91) | $(323.15) |
| Weighted average shares outstanding – basic and diluted | 409,690 | 37,949 | 294,649 | 35,060 |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustments | $(2) | $1 | $(11) | $(6) |
| Total comprehensive loss | $(7,727) | $(4,844) | $(12,066) | $(11,336) |
Condensed ConsolidatedStatements of
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